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I. Market Overview

On January 14, Bitcoin and Ethereum achieved key breakthroughs. Driven by the U.S. December core CPI (2.6%) meeting expectations and easing concerns over monetary tightening, Bitcoin surged strongly from around $91,734, reaching a peak of $96,106—the highest level in nearly two months; Ethereum followed with a strong rebound, rising from $3,129 to $3,367.
This market surge was driven by a confluence of macroeconomic, capital, and sentiment factors: the增持 of over 13,000 bitcoins (approximately $1.25 billion) by publicly listed company MicroStrategy triggered massive short squeezes and heightened FOMO sentiment across the market; the cryptocurrency fear and greed index entered the 'greedy' range, reigniting enthusiasm among both retail and institutional investors. Meanwhile, the U.S. upgraded its travel advisory for Iran, escalating geopolitical risks, which highlighted Bitcoin's geopolitical hedging attributes, making it a preferred safe-haven asset and further fueling the upward momentum.